Friday

Friday solid in the Dow all day and getting stronger by the close, 31,123, plus 770.  Bonds dropped another point and 10 tics to 119.04.  Beans were lower early but meal helped lead us back to 4 higher, 1395 1/2.  We lost 20K in open interest with options expiration and I expect the Nov/Jan spread to widen from the 9 under that it sets at now given river and freight conditions.  Wheat up 1 1/4 to 850 3/4, and corn plus 1/4 rolling into another weekend of harvest, 684 1/4.  8800 jump in open interest on the day.  Rice off 9 and weaker in Jan as the fund push where they can.  We need more exports any time now, but the domestic pull is higher than it ever has been.  Commitments has commercials a net long rice futures in October.  Wow.